Vanderbilt Television News Archive

(Studio: Peter Jennings) Report introduced.

(San Jose, California: Ken Kashiwahara) Response of corporate American to drop in stk. mkt reported [Chief economy Bank of American John WILSON - says most losses were on paper and losers are waiting for market to recover.] American Telephone and Telegraph (AT&T)'s stock value cited; company's business tactics noted. [Treasury for American Telephone and Telegraph (AT&T) Larry PRENDERGAST - says econ. will slow down if consumers change spending habits due to fear.] American Telephone and Telegraph (AT&T) employees who are shareholders noted not shaken. [MAN - says American Telephone and Telegraph (AT&T) is good investment.] Response of small companies in California's Silicon Valley reported SDA Systems, a computer software company, noted delaying plans to sell shares on stk. market [SDA Systems chairperson James SOLOMON - says eventually we will need cash.] [Employee Albert LAMB - says now he can't sell stock to buy car.] Employees' confidence in their company stock shares cited.